Leases (Tables)

12 Months Ended

Jul. 31, 2026

Schedule of Components of Lease Expense and Weighted-Average Remaining Lease Terms and Discount Rates

Components of lease expense were as follows:


	Year Ended July 31,
(In thousands)	2026		2025
Operating lease expense	$	21,441	$	28,383
Finance lease expense:
Amortization of right-of-use assets		35		101
Interest on finance lease liabilities		123		249
Short-term lease expense		6,426		6,627
Variable lease expense		1,647		1,407
Total lease expense	$	29,672	$	36,767

The weighted-average remaining lease terms and discount rates as of July 31, 2026 were as follows:


	Weighted-Average Remaining Lease Term (In years)		Weighted-Average Discount Rate(1)
Operating leases		9.53		4.48	%
Finance leases		29.47		4.47	%

(1)

The Company cannot determine the interest rate implicit in the Company’s leases. Therefore, the discount rate represents the Company’s incremental borrowing rate and is determined based on the risk-free rate, adjusted for the risk premium attributed to the Company’s imputed corporate credit rating for a secured or collateralized instrument.

Schedule of Components of Right-of use Assets and Lease Liabilities

The components of right-of-use assets and lease liabilities on the consolidated balance sheets were as follows (In thousands):


Lease Asset and Liabilities	Balance Sheet Classification (In thousands)	July 31, 2026		July 31, 2025
Operating lease right-of-use assets	Operating lease right-of-use assets	$	83,728	$	99,708
Finance lease right-of-use assets	Property and equipment, net		2,645		2,648
Total lease assets, net		$	86,373	$	102,356

Operating lease liabilities - current	Current portion of operating and finance lease liabilities	$	15,102	$	19,810
Finance lease liabilities - current	Current portion of operating and finance lease liabilities		61		59
Operating lease liabilities - non-current	Operating and finance lease liabilities, net of current portion		70,539		81,224
Finance lease liabilities - non-current	Operating and finance lease liabilities, net of current portion		2,665		2,646
Total lease liabilities		$	88,367	$	103,739

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to leases for the years ended July 31 were as follows (In thousands):


	Year Ended July 31,
(In thousands)	2026		2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows related to operating leases	$	20,976	$	28,026
Operating cash flows related to finance leases		77		260
Financing cash flows related to finance leases		60		49
Right-of-use assets obtained in exchange for new operating lease liabilities		16,750		9,516
Right-of-use assets obtained in exchange for new finance lease liabilities		—		2,653

Schedule of Annual Maturities of Lease Liabilities

The annual maturities of the Company’s lease liabilities as of July 31, 2026 were as follows:


Fiscal Year (In thousands)	Finance Leases			Operating Leases
2027	$	137		$	17,450
2028		137			15,880
2029		137			13,535
2030		137			8,188
2031		137			6,976
Thereafter		4,465			41,997
Total future lease commitments	$	5,150		$	104,026
Less: imputed interest		(2,424	)		(18,385	)
Present value of lease liabilities	$	2,726		$	85,641

Schedule of Future Lease Payments Receivable

Future lease payments receivable under operating leases with terms greater than one year as of July 31, 2026 were as follows:


Fiscal Year (In thousands)	Operating Leases
2027	$	5,225
2028		4,494
2029		3,395
2030		159
2031		155
Thereafter		1,315
Total future lease payments receivable	$	14,743